24/7 Blockchain industry dynamics and breaking crypto news
On-chain data reveals a crypto theft suspect moved 126.7 ETH (approx. $239k) on July 22. Previously accused of stealing ~$19M via social engineering, the suspect's latest transaction draws attention to ongoing asset laundering efforts following public displays of wealth.
Read MoreMorgan Stanley predicts the Fed will hold rates steady at its July meeting and potentially through year-end. The key factor is inflation trajectory: if it cools as expected, rates will remain unchanged; otherwise, hikes could resume later this year. This view contrasts with current market pricing.
Read MoreMajor Asian stock markets tumbled on July 24th. South Korea's KOSPI index plunged 5.73%, its worst drop this year, closing at 6690.02. Japan's Nikkei 225 fell 2.73% to 64611.15. The sell-off was led by tech giants Samsung Electronics and SK Hynix, which dropped 7.59% and 8.33% respectively.
Read MoreFollowing a GoPlus security alert, Robinhood CEO Vlad Tenev's X account was compromised to promote a fake $VLAD meme coin. Attackers orchestrated a complex fund transfer path, profiting over $1.3 million before consolidating assets on the Ethereum network.
Read MoreIran's Foreign Minister declared that the source of any attack against Iran will be considered a legitimate target for defensive military action. The statement warns that any involvement in attacks on Iran will incur international responsibility. This marks a clear red line amid regional tensions.
Read MoreFormer Bitcoin mining pool giant Poolin has filed for Chapter 11 bankruptcy protection in the US, with debts reaching $173 million. The company plans to sell its Texas mining facilities for a starting bid of $52 million. The primary debt stems from user IOU obligations issued during the 2022 crypto downturn.
Read MoreECB governing council member Klaas Knot highlighted concerns over recent oil market developments, stating the duration of the Middle East conflict will be crucial for September's monetary policy decision. He noted no conclusive evidence of second-round inflation effects yet.
Read MoreBitMEX faced a class action lawsuit on the same day it announced its shutdown. Plaintiffs allege the platform fraudulently manipulated client liquidations to seize user Bitcoin collateral, causing losses of 622.66 BTC. The suit demands asset return and punitive damages, highlighting operational risks in derivatives trading.
Read MoreNine major financial firms including BlackRock and Fidelity have launched the Bitcoin Security Alliance, pledging $15 million over three years to fund open-source developers focused on strengthening the network's core security and infrastructure.
Read MoreThe US CLARITY Act faces delays in the Senate, unlikely to pass before August recess. Democrats push for ethics clauses targeting officials' crypto dealings, with Trump family's crypto ties sparking debate. Midterm election pressures are cited as the main obstacle, with legislative progress potentially postponed until after November.
Read MoreOn July 24, the STAR 50 Index rose 2.10%, led by a strong rally in semiconductor stocks. Amlogic surged 10.73%, with other chip-related companies also posting significant gains, signaling renewed investor interest in tech growth sectors.
Read MoreJPMorgan has dramatically raised Intel's price target from $45 to $85, nearly doubling its previous valuation. This major adjustment signals renewed institutional confidence in Intel's strategic turnaround, execution of its technology roadmap, and potential to regain competitive momentum in the semiconductor market.
Read MoreThe hacker behind a recent major protocol exploit has moved over 23,000 ETH to a privacy protocol and sent a small amount to an exchange, according to blockchain security monitoring. This raises fresh concerns about stolen fund flows and market security.
Read MoreRipple has launched its Ripple Mint platform, designed for institutional clients to mint, redeem, and manage the RLUSD stablecoin. It offers both a user-friendly interface and robust API integration, providing greater control and efficiency for professional market participants in handling stablecoin assets.
Read MoreKey midday updates: Uniswap V4 introduces permissioned pools, potentially reshaping DEXs. Institutional activity heats up with Ark Invest rebalancing and Bitwise reporting growth in staking, RWA, and payments adoption. Overall crypto exchange volume dipped 8% in Q2, yet market share concentrated further.
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